Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Boeing (BA) today and set a price target of $460. The company’s shares closed on Friday at $391.93.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.4% and a 70.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $428.31, representing a 9.3% upside. In a report issued on March 26, Robert W. Baird also reiterated a Buy rating on the stock with a $470 price target.
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Based on Boeing’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $28.34 billion and net profit of $3.42 billion. In comparison, last year the company earned revenue of $23.38 billion and had a net profit of $2.47 billion.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.
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